Non-Compliances related to Cash Flow Statement

CA Rakesh Ishi | Last updated: 04 November 2022

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This article highlights several common non-compliances found in Cash Flow Statements. These include discrepancies in trade receivables, incorrect reporting of external commercial borrowings, and mismatches in income tax paid figures. It also points out issues with foreign exchange fluctuations, improper classification of capital expenditure, and errors in accounting for depreciation and long-term borrowings.

1. INCREASE IN TRADE RECEIVABLES Note to the financial statements of the company on Trade Receivables that there is an increase in trade receivables while comparing the outstanding balance as at the end of the previous year and the current year. However, in the Cash Flow Statement of the compa

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About the Author

CA Rakesh Ishi

Working at Private Company

I am a Chartered Accountant currently employed in a company, bringing forth extensive experience in the realms of accounting, finance, and taxation. Leveraging my professional qualifications, I possess profound knowledge of diverse financial and accounting principles, utilizing this expertise to facilitate my company i ... Read more

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